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ETHUSD trades below $2000 following the footsteps of BTC. It reached intraday high of $2027 and is currently trading around $1999.80.
Sustained institutional selling has slammed Ethereum spot ETFs, with around USD 241 million in net outflows in the week ending June 1, 2026, so extending a harsh 14-day run of straight outflows starting about May 20. BlackRock's ETHA suffered almost 78% of the weekly total, or $188 million, including a sharp $28.80 million single-day withdrawal on May 28, highlighting how focused the outflows have been. Compared to last month's $85.50 million and last week's $6.60 million outflow, the pace is increasing significantly, reflecting the big Bitcoin ETF retreat and pointing to a growing risk-off attitude among institutional crypto investors.
|
Technicals |
CMP -$1981 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2045 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2151 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2193 |
CMP <365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-99.85 |
|
ADX |
Neutral |
Strength increased from 17.45 to 19.20 |
It is good to sell on rallies around 2048-50 with SL around $2200 for a TP of $1700.
